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. good morning, every. the big weather story has been the drought and the heat throughout much of texas. we were very encouraged that we could get a tropical storm that would head over texas and you can see that big red blob. this is tropical storm don. it does not appear that don will bring us the relieve that we need. houston probably won't see anything, corpus krissy christy some showers. it has tracked further south than we would have liked. you can see that the bapath is more north/northwest. we wanted to end up in central texas. it looks like it will rain itself out over northern mexico and the mountains and that will quickly break the storm up. so even west texas may not get the relief we were hoping for. landfall should be sometime close to midnight and then it will quickly be moving out. so in brownsville, by saturday morning, this could be over with. and it should be anywhere between a 50 to 65-mile-an-hour tropical storm. so at bit of a pump, but it won't do any devastation. we were hoping for rain. you can see the scattered showers off the coast that will be arriving during
more on that later. but we begin with the big fight in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question this morning will we to see any progress this weekend? we go live to the white house for more. are they working this weekend and might we expect more progress here? >> reporter: we'll to see. there's a lot of closed door negotiations. that's the phase we're in now. we're a day closer to what many experts have called a financial catastrophe, six closed door meetings that they had in the west wing. the focus turns to congress. whether or not they can reach a deal on a dramatically scaled back version, not that grand bargain, something smaller but do it in time for august 2nd when the country is due to run out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards w
witt. first off for you this hour the big fight in washington over spending and the debt limit. as that august 2nd deadline to raise the debt ceiling grows closer. we go to the white house for more. >> reporter: good morning, richard. it's a day closer to what the president and many outside experts are calling a financial catastrophe and hope for a big deal, the so-called grand bargain appears to be all but lost. the action turns to congress and whether they can pass a scaled down version of debt reduction before the country runs out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards what the president described as are a ma fw -- armageddon, he's hoping a deal could still be struck. >> but we got to get started now. that's why i'm expecting some answers from all the congressional leaders sometime in the next calm of da
that washington could be on the verge of its first-ever default. the big question now, how might wall street react this morning? >> it's unthinkable that this country will not meet its obligations on time. it's just unthinkable that we'd ever do that. >> reporter: a market slide could affect what you pay for mortgages, car loans, financing college. right now, washington is stuck on the timing. democrats and republicans want to tighten this up now. >> i don't think they have they choice. >> reporter: republicans want a short-term deal. cut $1 trillion now. and then, more cuts through the elections. >> and not some short-term gimmick. >> i know the president's worried about this next election. my god. shouldn't we be worried about the country? >> reporter: speaker boehner told conservatives to be ready to make compromises. >> if you break it, you own it. >> reporter: has the world been looking at all of this? one english official says right-wing nutters, as he calls them, in congress, are causing more of a problem for the economic economy than the crisis in europe. >>> the man accused in the massacr
deadline still fast approaching, the big question, will we see any progress so the u.s. will not default on its bills? nbc's mike vick kwer are at the white house. >> reporter: raising interest rates, people not getting checks, veterans affairs, in the course of each and every month. that's what's at stake here, the government would have to start to prioritize and major credit agencies are already talking about downgrading treasury bonds and the wisdom of investing in those. today, more dualing back and forth, the president in his weekly address, orrin hatch speaking for republicans, here's what they had to say about the state of play. >> i don't think oil companies should get tax breaks when they're getting tens of millions of profits. i don't think hedge fund managers should make more in bonuses than their secretaries salary. >> it was a crime of the president to submit and for congress to pass -- the only reason that congressional democrats would refuse to pass it because they know that the people of this country would rise up and quickly ratify it. >> there you see orrin hatch from u
delays the big vote indicating he does not have votes to pass it. it all raises the big question, has the tea party taken control of boehner's house? >>> plus, wouldn't you love to know what mr. economy thinks about all this? too bad. because mr. romney is not talking. how's that for leadership. >>> and waiting with wait until you meet the latest extremist to log on to perry's prayer route. i'm al sharpton. breaking news. boehner abruptly delayed a make or break vote on his own debt plan. the speaker frantically been trying to whip up support from tea party republicans all day long. it is an indication that he simply does not have the votes to pass his plan. it is unclear when the vote will happen. the fear here would be a stunning setback for his leadership and for the g oo p establishment as it battles with party members. joining me is nbc's luke russell live on capitol hill. luke, can you tell us what is happening here? >> good evening reverend al. an alarming piece of news that came to us about 15 minutes ago. democratic aides received word from the republican floor staff and in f
going on behind the scenes, no big meetings today, the president in his weekly address today laid out the stakes and again called for share sacrifice and that means in the white house, you're raising taxes on the wealthy. >> the truth is, you can't solve our deficit without cutting spending, but you also can't solve it without asking the wealthiest americans to may their fair share or without taking on loopholes that give special interests and big corporations tax breaks that middle class americans don't get. >> reporter: now those taxes that the president are talking about, a nonstarter with republicans, that is a sticking point. that is the impasse, the hurdle that they simply cannot clear. in the meantime, republicans are moving ahead in congress with a balanced budget amendment to the constitution. it is very much a long shot. they're moving ahead, here's orrin hatch explaining why. >> the only reason this administration doesn't want a constitutional amendment is because they want to keep spending the american people's money. and the only reason congressional democrats would refus
will be here on set with us. >> this is big. >> huge. >> willie, who is going to be number one? are we looking at oklahoma? alabama? >> could be a tie situation. i have to say. we should point out vanderbilt got a great recruiting class. >> they did have a great recruiting class. >> they did. >> my understanding is the average s.a.t. just above 1300. unprecedented. for a co--ed football team. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the jetta, awarded a top safety pick by the iihs. that's the power of german engineering. hurry in and lease the jetta s for just $179 a month. ♪ visit vwdealer.com today. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000
're going to start with the big event in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question will we see any progress this weekend. this as president obama warns that failure to take action could lead to serious financial fallout. >> we don't need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs. we don't need more studies. we don't need more a balanced budget amendment. we simply need to make these tough choices and be willing to take on our bases. >> the republicans say they have a new long-term fix. a new amendment to the u.s. constitution. let's go straight to aaron mcpike. an issue of what is at stake today. a reporter with real clear pricks. what is this budget amendment? before we get to that, i want to show people what is at stake in terms of the numbers. $23 billion in social security payments. that's a payment that's on the united states' credit card bill. $87 billion that's another number that's being watched. august 15th also will come due $30 billion in interest paym
on this block. ben's a re/max agent, and he's a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. ♪ [ cat meows ] ♪ [ whistles ] ♪ [ cat meows ] ♪ [ ting! ] [ male announcer ] travelers can help you protect the things you care about and save money with multi-policy discounts. are you getting the coverage you need and the discounts you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com. and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card gives you more ways to earn points. what's your story? citi can help you write it. >>> no shocker here. david wu is calling it quits. the oregon representative will resign over allegations over a sexual relationship with an 18-year-old girl. he will not make it official until the debt cei
, i'm up, big. >> that's a great reference at 5:340. luke, i'm impressed. you must have been up and had your coffee. help us what's going on luke. you covered the hill every single day. people who watched this who aren't like us, kind of nerds following every moment of this get home from work and they say what happened exactly today, are we any further than we were. how can beget toward a deal by next tuesday? >> well, the big news that came out from yesterday was that john boehner was having a great difficult getting to 217 votes, the majority in his house on his plan to raise the debt ceiling. then he got bad news from the congressional budget office, which is a non-partisan budget office that scores these bills which says that his plan, which claimed to have saved over a trillion dollars in spending over the next ten years really only saved about $850 billion. so it didn't save nearly as much as he said it did and it actually back ended a lot of the savings. so in the first few years there was only about $5 billion worth of savings which is not acceptable to a lot of the tea
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
is it shows that the united states system is not set up to do big things. when a crisis like this comes up they cannot do a deal that would show stability to the world. >> ronald reagan and tip o'neal made big deals. in the 1990s, bill clinton and the republican congress made big deals. and mika, it's not over yet, but it has gotten to the point already that this is damaging the reputation of the united states the longer it goes, and i think we're talking about it damaging our reputation more every day that the crisis goes on. >> i think both sides would agree with that. after a weekend of meetings resulting in yet another impasse, president obama is canceling two fundraisers today to continue negotiations. senate majority leader harry reid said the talks broke down last night because of the republicans insistence on a short-term deal, and their plan would cut $2.7 trillion over the next ten years. officials say it raises the debt ceiling but no tax increases. and he salaid out his latest solution. >> there will be a two-stage possible. it's not physically possible to do this in one step.
the battle on a short term debt ceiling because we can't put together a big one in one week's time. and you noticed the president had no statement in there, "i will veto a short-term debt ceiling." what happened to that? >> he didn't have that. i was wondering if you would allow if you ear in the president's position or advisor, you advised many presidents before. would you not tell him to stand up to his opponents? >> i would not tell the president of the united states to veto a short term debt ceiling. if, as a result, i'm going to throw my country into default over what? the president is willing to accept a clean debt ceiling with nothing. now boehner is going to give a debt ceiling with $1 trillion in cuts. why would he reject the good because it's not the best? >> my advice -- i think, pat, we've had this discussion on the show. pat and i sparred a bit in the last two weeks. i think pat, unfortunately, for the democrats standpoint is right. i don't mean you're right. you're more right this morning than wrong. if the president has to accept a short term plan which is looking more and mo
and msnbc's coverage continues right now. >>> tax grab -- big airlines decide not to pass on savings from the temporary government tax halt to consumers. >>> and sticker shock -- a japanese department store offers one of the most expensive box lunches ever. good morning, i'm amara sohn, those stories and more are straight ahead on "first look" on msnbc. >>> we begin this morning with dueling over the debt. president obama and house speaker, john boehner escalated the battle over the debt limit last night. they both appealed to american television viewers in speeches that reflect the two sides being farther apart than ever on the issue. nbc's tracey potts has more from washington. >> we're now one week away from the deadline for default and it looks like the white house and congress are no closer to a deal. >> this is no way to run the greatest country on earth. it's a dangerous game that we've never played before. and we can't afford to play it now. >> reporter: president obama is taking his behind closed doors fight public, urging taxpayers to pressure republicans into co
, bill. >>> a big euro debt deal. a new owner for chrysler and a royal dash duty free, your look at business headlines is straight ahead. >>> coming up, washington fans actually happy jason worth is struggling and nfl owners are ready for football. but are the players? you're watching "first look" on msnbc. [ female announcer ] now you can apply sunblock to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. >>> welcome back to "first look." i'm lynn berry. here's some of the top stories making news this morning. senior defense officials tell nbc news today the pentagon will announce that both secretary of defense leon panetta and all of the joint chiefs have certified the military is ready to repeal don't ask don't tell. president obama signed the repeal of the military's ban on openly gay troops in december. since then, the military has been preparing personnel for lifting the ban. >>> a new cnn poll shows 64% o
't. >> it could mean big losses on wall street and beyond. asian and european stocks are tight. the ceos of some of the biggest banks are expressing their concern. ceos of banks including goldman sachs, bank of america say this, a default on our nation's obligations or downgrade of america's credit rating would be a tremendous blow to business and investors in an already difficult economic circumstances. steve rattner. >> look, the fact is, this government, at the moment, ironically, at a time when people are saying let's not forget about jobs. this government is doing their best to destroy jobs as we are sitting here. business needs confidence. it needs some idea of what is going to happen. i don't know if you follow what's going out of the faa. there are 4,000 faa contractors out of work because the democrats and republicans can't agree on subsidies. they are just sitting there doing nothing instead of building infrastructure. the republicans and democrats can't agree on one tiny issue. >> there's no level of certainty. all different levels of this country. >> wouldn't that be the goal here, b
't want this man to get the chance to spread the message that he wants to spread today. it's a big decision. there's a lot of people here. you can imagine the frantic mood outside of the courthouse and inside this hallway. >> one of the details that jumped out over the last couple days to a lot of people was this number of 21 years. some people believethars for th death of at least 93 people if he is found dlt of that. but it's more nuanced than that. can you explain that, jay? >> it is. and 21 years is the sentence at this point. there's a new law, but there's an act that would make it longer, 30 years. what prosecutors hope to do in this case, is after that time is served, should he become guilty, if he poses a threat to society. if there's a danger in releasing him. they can convene in a panel. they can keep him detained three years. and reconvene every three years after. they can impose a life sentence here. but it will be done every three years or so to keep him behind bars. >> that's the good news. there would be a way. jay, how right now on this monday, is the city of oslo a
of higher than expected receipts, but they're going to have a couple big social security payments and interest payments due, so it's not entirely clear to the markets or to anybody else when treasury will exhaust its reserves. >> annie lowery, economic and business reporter for slate. >>> well, joining me from the hill now illinois republican congressman robert dold who serves on the financial services committee. representative dold, thanks for being here this morning. it's a busy day. >> thanks for having me. i appreciate it. >> i know, sir, that you supported john boehner's plan, but you say you would have voted for it without a budget balanced amendment. why are some of your colleagues saying they need that fully knowing it would not pass the senate? >> the number of my colleagues booef e plea of we have to change the way washington is working, so we've been grossly overspending for a long period of time. it's been happening on both sides of the aisle. it's a clear washington problem. american families have tightened their belt. american businesses have done the same. they shou
? >> he's the big key to getting a deal between the president and the leaders. he is not the key to getting the vote in the house of representatives. mitch mcconnell is important. you have the republican house that is resisting a deal with the president and resisting raising the debt limit. you need republicans to move forward, but mitch mcconnell has shown a willingness much more f. he and a senior leader can make a deal t becomes more difficult for republicans to block it in the house. they will lose the republicans anyway. remember, john boehner passed the his plan that has no chance of going forward in the senate. it has debt limit increase on passage of a balanced budget amendment which is not going to happen. mitch connell can try to move that process along, but john boehner has to figure out how to get to a majority in the house. that's why nancy pelosi is relevant again as well as members of the caucus. >> this passage of a budget amendme amendment, if that's not put in there in some shape or form whether tied to raising the debt ceiling or a side bar, what does that say
. this big ridge stays in place and the dry weather is going nowhere. heading up through the lakes, off towards the east. showers and thunderstorms through virginia and the carolinas. that will bring thorps with locally heavy rainfall and spotty showers here for the southern parts of missouri and parts of mississippi early on a sunday morning. a big area of high pressure in the east should keep most of us dry and showers pushing through western new york state for the most part that were dry as we go through the afternoon. sunshine and temperatures above average in the east. we will continue to see the numbers even down near d.c. at 96. further down towards the south, this is afternoon stuff. throw heat on the atmosphere to get us wet weather. showers and showers increase, but mainly dry and sticky in the southern plains. dallas with another 100 degree day. it will continue today, but on through most of the week and out across the midwest. the front coming through with a few showers in places like chicago. >> thanks for the comprehensive report. it was a flight that began in new york and
Search Results 0 to 20 of about 21